Lipocine Inc. (NASDAQ:LPCN) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -6.13% to the previous day’s close as weak demand from buyers trailed the stock to $1.53.
Actively observing the price movement in the last trading, the stock closed the session at $1.63, falling within a range of $1.4900 and $1.6500. The value of beta (5-year monthly) was 0.6 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $2.39, and the low was $0.3. On the whole, LPCN has fluctuated by 16.79% over the past month.
With the market capitalization of Lipocine Inc. currently standing at about $95.27 Million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 11, 2021- Mar 15, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to -$0.5 for fiscal year 2021 and then to about -$0.26 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.26% in 2021, while the next year’s EPS growth is forecast to be -0.3%.
We see that LPCN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
2 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 2 recommend it as a Buy and no body called the LPCN stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LPCN currently trading nearly 7.07% and 6.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.24, while the 7-day volatility ratio is showing 1109% which for the 30-day chart, stands at 7.26%. Furthermore, Lipocine Inc. (LPCN)’s beta value is 0.6, and its average true range (ATR) is 0.13. The company’s stock has been forecasted to trade at an average price of $5.33 over the course of the next 52 weeks, with a low of $3 and a high of $10. Based on these price targets, the low is 96.08 off current price, whereas the price has to move +553.59% to reach the yearly target high. Additionally, analysts’ median price of $3 is likely to be welcomed by investors because it represents an increase of +96.08% from the current levels.
A comparison of Lipocine Inc. (LPCN) with its peers suggests the former has fared considerably weaker in the market. LPCN showed an intraday change of -6.13% in last session, and over the past year, it grew by +247.73%. In comparison, Zoetis Inc Cl A (ZTS) has moved lower at -2.51% on the day and was up +17.98% over the past 12 months. On the other hand, the price of Takeda Pharmaceutical CO Ltd (TAK) has fallen -1.15% on the day. The stock, however, is off -9.61% from where it was a year ago. Additionally, there is a decline of -613% for Catalent Inc (CTLT) in last trading while the stock has seen an overall apprecation of 247.73% over the past year. The PE ratio stands at 0 for Lipocine Inc., compared to 46.5 for Zoetis Inc Cl A, and 22.26 for Takeda Pharmaceutical CO Ltd. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Lipocine Inc. (NASDAQ:LPCN) indicates that the trading volumes over the past 10 days have averaged 3.69 Million and over the past 3 months, they’ve averaged 2.34 Million. According to company’s latest data on outstanding shares, there are 65.69 Million shares outstanding.
Nearly 3.31% of Lipocine Inc.’s shares belong to company insiders and institutional investors own 10.99% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 4.52 Million shares as on December 14, 2020, resulting in a short ratio of 1.18. According to the data, the short interest in Lipocine Inc. (LPCN) stood at 6.88% of shares outstanding as of December 14, 2020; the number of short shares registered in November reached 3.99 Million. The stock has risen by +12.5% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LPCN stock heading into the next quarter.
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